MTI Enhances 2022 Forecast Report

Year in and year out, most members share that the monthly sales reporting and the quarterly forecast reports are the 2 most valuable reports MTI provides to members.  Making great decisions comes from having access to great data.  MTI provides that data monthly and quarterly as a part of your membership.

MTI is excited to announce it is enhancing its quarterly forecasting report in 2022 to include three-year forecast for the agriculture industry.  Many members heat treat parts from the agriculture industry and upon request from members, the Benchmarking Committee recommended to the MTI Board to increase funding to add the forecast.

MTI’s current quarterly forecasts now provides a breakdown of the 1, 2, and 3-year forecasts and data for heat treat industry sales, two leading indicators that heat treat sales have tracked closely for decades and now eight industry sectors that drive heat treat sales.  They are as follows:

• Heat Treat Sales
• S. Industrial Product Index (leading indicator)
• S. NonDefense Capital Goods New Orders (leading indicator)
• Automotive
• Aerospace
• Agriculture (NEW)
• Construction
• Heavy Duty Truck Production
• Oil and Gas
• Medical Equipment & Supplies
• Computers & Electronics

To have a report like this designed for an individual company, it would be in excess of $20,000 for all that goes into data collection and forecasting.  As a member, you receive it for free as a part of your general membership.  The leadership of MTI is committed to investing in the types of resources and data you need to thrive in this fast paced changing climate.

Thank you for being a supporting member of MTI.  Because of your support, heat treaters around the world are able to succeed on a daily basis.